Scammers | ForkLog

ForkLog 26 19.02.2025

Allegations of Bribery for LIBRA Promotion by Javier Milei Emerge

Hayden Davis, CEO of Kelsier Ventures, involved in the launch of LIBRA, claimed to have paid the sister of Argentina’s President Javier Milei for her brother’s promotion of the meme coin. This was reported by LA NACION. Journalists referred to screenshots of correspondence that came into their possession. However, they acknowledged there is no objective […]

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ForkLog 50 19.02.2025

Four Norwegians Charged with $80 Million Cryptocurrency Fraud

The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime, Økokrim, has charged four citizens with orchestrating a cryptocurrency fraud scheme and money laundering. According to the authorities, the individuals operated between 2015 and 2018. They attracted potential victims by offering shares in a purportedly profitable business involved in mineral extraction investments. […]

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ForkLog 22 18.02.2025

Binance Chief Warns of Emerging Seed Phrase Scam

Binance CEO Richard Teng has alerted users to a “new scam” targeting the theft of cryptocurrencies. The scheme, known as the “share-seed-phrase” scam, is rapidly gaining traction.

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ForkLog 30 18.02.2025

Javier Milei says he merely shared information about LIBRA

Argentina’s president, Javier Milei, denied promoting LIBRA and promptly reposted instructions on how to buy the token. Meteora’s CEO resigned amid the scandal over the memecoin’s collapse. Experts warned of potential long-term damage to the industry. Argentina’s president Javier Milei said in a TV interview he did not intend to persuade people to buy the […]

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ForkLog 134 18.02.2025

Dave Portnoy’s $170,000 Purchase of Fake LIBRA Coin

Dave Portnoy, the creator of the sports media platform Barstool Sports, purchased LIBRA for approximately $170,000. This coin is not associated with the meme coin mentioned by Argentina’s President Javier Milei and has a different contract address. Anybody wanna buy some fake Libra? Warning. This is a meme coin. I bought it by accident. It […]

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ForkLog 27 17.02.2025

Fraudsters Launch Fake Meme Coin in the Name of Saudi Prince

On February 17, hackers breached the X-account of Saudi Arabian Prince Mohammed bin Salman, announcing the imminent launch of the country’s “official” meme coin (KSA). It was later revealed that the account belonged to the Saudi Legal Conference. #PeckShieldAlert Our community member has reported that the @SaudiLawConf account appears to be hacked and is promoting […]

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ForkLog 50 17.02.2025

Analysts Link LIBRA and MELANIA Tokens to a Single Team

Researchers have identified a connection between the teams responsible for launching the meme tokens LIBRA and MELANIA. Bubblemaps claims that both coins were created by the same developers or their close associates. 1/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins Featuring new onchain evidence A thread with Coffeezilla […]

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ForkLog 48 15.02.2025

LIBRA token promoted by Argentina’s president plunges 94%

LIBRA, a token promoted by Argentina’s president Javier Milei, plunged 94% within hours.

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ForkLog 61 14.02.2025

Chainalysis Reports Crypto Fraud Losses Reach $9.9 Billion in 2024

Preliminary estimates suggest that losses from fraud in the crypto industry reached $9.9 billion in 2024, though the actual figure may set new records. These findings were shared by Chainalysis experts in the report Crypto Scam Revenue 2024. Source: Chainalysis. According to Chainalysis observations, scammer activity has grown by an average of 24% annually over […]

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ForkLog 78 14.02.2025

HashFlare Founders Admit Guilt in $577 Million Crypto Pyramid Scheme

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turõgin, have admitted to orchestrating a cryptocurrency pyramid scheme. U.S. authorities will confiscate assets from them valued at over $400 million. Two Estonian Nationals plead guilty in $577M cryptocurrency fraud scheme — Scheme victimized hundreds of thousands of people in the U.S. and […]

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ForkLog 89 13.02.2025

WLFI Co-founder’s X Account Hacked to Promote Scam

On February 12, hackers compromised the X account of Zach Witkoff, co-founder of the cryptocurrency project World Liberty Financial (WLFI), associated with Donald Trump. @zachwitkoff’s account was compromised, and a fake Barron meme was posted. Please do not engage. We are resolving the issue ASAP. — WLFI (@worldlibertyfi) February 12, 2025 The hackers used the […]

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ForkLog 17 12.02.2025

Analysts Detail Crypto Scammers’ Tactics for 2024

In 2024, social engineering has become the forefront of tactics employed by fraudsters and extortionists within the crypto industry. The primary attack vector has been the social network X, according to insights shared by analysts from Merkle Science. Experts examined 36 incidents that were constructed using social methods “from start to finish.” Data: Merkle Science. […]

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